5 Best Industries for Starting a Business in 2017~! Must See !

5 Best Industries for Starting a Business in 2017~!

1. Health care

As the 75 million baby boomers age, there’s increased demand for health care services. According to an outlook by the Bureau of Labor Statistics, more than half of the 20 occupations projected to have the highest percent increase in employment by 2024 are in the health industry. Meeting the needs of an aging population creates opportunities for physical therapists, doctors, optometrists and other specialists to open their own practices.

2. Marijuana

Good news for those with green thumbs: 28 states and the District of Columbia have legalized medical marijuana. IBISWorld predicts that industry revenue for medical and recreational marijuana growers will jump 33.5% over the next five years. The retail side of the business is also expected to see sales rise this year, according to the firm..

3. E-commerce

Personal disposable income is projected to grow by 4% per year from 2014 to 2024, according to the Bureau of Labor Statistics, and as disposable income grows, so does the “quantity and quality of online purchases,”.

But e-commerce can be an easily saturated market, given low barriers of entry. To increase your online business’s chance of success, focus on your customers — whether through customizable products, timely support or fast delivery of products.

4. Tech

In a similar vein, continued innovation in the tech world means continued opportunities for tech-savvy entrepreneurs. IBISWorld projects a 31% revenue boost for smartphone app developers alone in 2017. Don’t forget about the support side of the industry; Sageworks found that tech consulting and installation services had strong sales growth in 2016.

5. Home and building maintenance

From landscaping to cleaning to pest control, businesses in maintenance industries that service residences and commercial buildings saw a 13% increase in sales in 2016, according to Sageworks. If you gain the right expertise, Sageworks analyst James Noe says, these businesses are easy to start because they have relatively low upfront costs and don’t require large inventory, staff or dedicated office space.